Why is margin that high on VIX calendars?

Just checked and similar VIX calendar would've lost $4K last year, on a $0.60 calendar option trade:

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That article is from 2009. Really?

What has changed with VIX since 2009 besides VIX working the same way it always did, while brokers being smarter, and the SEC imposing more safety requirements and smaller leverage on everything?

And really what's the point of trading something that inherently loses money?


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